How Unions Can Create Jobs 19 implied HN points • 28 Apr 23 🇺🇸 U.S. Politics Labor Unions Employment Compensation Market Dynamics Unions can negotiate for higher salaries and create more jobs for members. In markets with monopsonistic employers, wages are lower and there is a shortage of labor. Labor unions can help balance the power dynamics, allowing for better wages and job creation.
SVB’s Failure and the Lack of Reserve Requirements 1 HN point • 25 Mar 23 💰 Finance Regulations Reserves Banking Monetary Policy Financial Crisis SVB's failure had multiple causes, including heavy investment in risky assets and inadequate insurance for deposits. Abandoning reserve requirements for banks may have contributed to the recent bank run crisis. Increasing required reserve ratios above zero could help prevent similar crises by ensuring banks hold more funds to satisfy depositors.
Did Kevin McCarthy Forget about Silicon Valley Bank or is He Just Bluffing Regarding the Debt Ceiling? 0 implied HN points • 28 May 23 🇺🇸 U.S. Politics Debt Ceiling Government Legislation Constitution Negotiation The failure of regional banks like Silicon Valley Bank due to assets including US government debt should deter politicians from risking default. House Speaker Kevin McCarthy's willingness to use the debt ceiling as a bargaining chip is either reckless or ignorant. The debt ceiling contradicts laws on spending and taxation, making a case for its unconstitutionality under the 14th Amendment.